Italy's Banco Popolare shareholders approve merger with BPM

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BPM shareholders have the final say on the merger plan and will vote later today after their own meeting in Milan.

If approved, the tie-up will be the first prompted by reforms introduced by Prime Minister Matteo Renzi early last year to promote mergers and boost bank profitability.

(Reporting by Gianluca Semeraro; writing Francesca Landini; editing by Isla Binnie)

News source: Reuters

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